This week’s insanely long and informative earnings issue of PlaneBusiness Banter is now posted! At last!
This week we take an in-depth look at the recent 3Q earnings results from: Delta Air Lines, US Airways, United Airlines, Alaska Air Group and JetBlue. We also have earnings summaries for Hawaiian, Allegiant and Spirit. We’ll get caught up with those in our next issue. Meanwhile, Republic Holdings announced earnings today.
Is it five-o-clock somewhere? Please?
Overall, it was a great quarter for the U.S. airline industry, although two of the big boys definitely came in with results that underperformed their peers — United Airlines and Southwest Airlines.
Here’s a riddle for you. Which airline posted an unbelievable 21.3% EBIT margin for the quarter? (FYI: That is four times what Southwest posted for the quarter.)
PlaneBusiness Banter Subscribers, your massive issue awaits. Along with the answer to that question.
Speaking of Southwest — we noted last week the airline had not mentioned Atlanta at all in its last two earnings calls. But Delta Air Lines had no problem responding to a question about Southwest and Atlanta in its earnings call this quarter. The response seems to confirm what we had suspected: Delta is seeing an uptick in market share out of Atlanta at the expense of AirTran/Southwest.
US Airways had a great record-breaking quarter, as did Alaska Air Group.
The laggard of the bunch this week? United Airlines.
We’ll also tell you about the latest strategic moves by Virgin Australia, we have great industry Halloween pics for you to peruse, we wonder why Boeing was late in delivering the second 787 to United, and we have some pics of our awesome flight on Row 44′s Grumann Albatross last week off the coast of California. We went to play with the company’s new streaming video product. We left in love with a very unusual airplane.
Like I say, a huge, huge issue this week.
Subscribers can access the monster here.